Stablecoin Madness: US Dollar Closes to $6 Billion as US Dollar Rates Over $1 Billion in Market Supply

Stablecoin Madness: US Dollar Approaches $6 Billion as US Dollar Rates Over $1 Billion in Market SupplyOver the past month, the stablecoin market has swelled by over $200 billion, and two distinct currencies backed by fiat currencies have seen eye-catching expansions. Ethena's yield-generating stablecoin, USDE, has grown rapidly, with its supply now approaching 6 billion. Meanwhile, Usual's USD0 bid crossed the $1 billion threshold. Ethena's USDE and Usual's USD0 Shake Up $204 Billion Stablecoin Market in December (...)

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